Summary - NN16 Silver Street, Kettering NN16 0BN
4 bed 1 bath Mixed Use
**Standout Features:**
- **Mixed-Use Investment:** Includes a bustling coffee house and three residential apartments.
- **Location:** Central Kettering with high foot traffic and strong demand.
- **Total Gross Income:** Approx. £50,000 per annum.
- **Long Lease:** Coffee house with a new 20-year lease, generating £20,000/year.
- **Residential Options:** Three apartments, two currently let, offering potential for additional income.
- **Freehold Ownership:** Full control of the property.
- **Excellent Connectivity:** Fast broadband and excellent mobile signal.
**Considerations:**
- **Lease Concerns:** 20 years left on the commercial lease which may impact mortgage options.
- **High Crime Rate:** Potential buyers should assess the area for personal comfort.
- **Deprivation Index:** The property is situated in an area classified as very deprived.
This exceptional freehold investment opportunity in the vibrant heart of Kettering features a popular coffee house, Mugs Coffee House, along with three residential apartments overhead. With a secure income of approximately £50,000 yearly from both commercial and residential tenants, this property is perfect for those seeking a diversified investment with minimal oversight. The café benefits from a new 20-year lease, ensuring long-term occupancy and stability, while the included apartments provide additional rental income or the flexibility for owner-occupation.
Situated in a prime location surrounded by a wealth of amenities, from dining to shopping, this property captures the essence of urban living. It offers potential for significant future growth, however, the remaining lease period may deter some mortgage lenders, and the area has noted crime challenges and high deprivation. Early viewing is recommended for investors eager to capitalize on this unique opportunity—properties like this don’t come around often!
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